Published on 25 Apr 2024 on Benzinga
Semiconductor stocks have been in the spotlight lately, with ON Semiconductor ON and Globalfoundries Inc GFS trading near their 52-week lows.
These companies are part of the MANGO acronym, a term introduced by BofA Securities analyst Vivek Arya. ON and Globalfoundries — along with Marvell Technology MRVL, Advanced Micro Devices, Broadcom AVGO, Analog Devices Inc ADI and Nvidia Corp NVDA — are sector leaders and aim to mirror the success of FAANG stocks.